The Ratna and R-series oil fields hold an estimated 87 million barrels of oil and 1.2 billion cubic metres of gas reserves.

The S&P BSE Sensex has put up a strong show since May, largely on expectations of a normal monsoon and passage of the GST bill in the monso...

Pradhan said initiatives taken by the government will help to cut India’s oil import dependence by 10% compared to earlier projections.

Reliance’s partner BP welcomed the decisions saying that, apart from spurring investment, they would also help develop a competitive gas ma...

In addition to the presentations that will be made to the new minister, officials have also prepared a note for the Cabinet secretary, who ...

Oil ministry plans to take 19 crucial policy decisions, which include seeking bank guarantees from RIL for a sharp fall in gas output.

In an unusually stern note, Moily admonished bureaucrats for damaging investor sentiment, risking the credibility of the ministry, which is...

The Finance Ministry has questioned a move to ask a panel of secretaries to decide on the fate of award of Ratna and R-Series oilfields to ...

Essar is implementing a turnaround plan for the refinery which it recently acquired in a $350-million deal from Shell.

State-run oil cos appear caught between regulatory mire, while rising price of crude & fuel price revisions threaten to render them bankrup...

The Shipping Ministry today said it has put on hold plans for stake sale in Cochin Shipyard, Ennore Port and DCI, finding the proposals not...

The government is all set to award the Ratna and R-series oilfields to a consortium led by Essar after a delay of around 11 years on origin...